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Pending Home Sales Down But Not Out. Jobless Claims Down, DGO mixed
Pending Home Sales Index (June 2012)
- Index Level 99.3. Previous was 101.1 revised to 101.7.
- Month/month -1.4%, Year/year +9.5
- This is existing homes that have entered contracts to sell and expected to close within 60 days
- An index level of 100 is considered historically healthy
- This is a national number and the full report has regional breakdowns.
Initial Jobless Claims (week ended 7/21/2012)
- Initial Claims 353,000. Previous was 386,000 revised to 388,000.
- 4-week Moving Average was 367,250. Down from previous 376,000.
- Full report
This should be regarded as modestly better with a asterisk because of variations created by retooling in the auto industry.
Durable Goods Orders (June 2012)
- New Orders, Month/Month +1.6%
- New Orders, Year/Year +8.0%
- Ex-transportation, Month/Month -1.1%
- Ex-transportation, Year/Year 3.1%
- This is mixed data with overall showing growth and ex-trans having a weak month.
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